Virgin Money Holdings (UK) Limited Sustainability Profile
Virgin Money Holdings (UK) Limited, commonly known as Virgin Money, is a prominent financial services provider headquartered in Great Britain. Founded in 1995, the company has established itself as a key player in the banking industry, offering a diverse range of products and services, including personal banking, mortgages, and savings accounts. With a strong presence in major operational regions across the UK, Virgin Money is recognised for its customer-centric approach and innovative solutions. The company has achieved significant milestones, including its acquisition of Northern Rock in 2012, which bolstered its market position. Virgin Money distinguishes itself through its unique offerings, such as competitive interest rates and a commitment to ethical banking practices. As a result, it has garnered a loyal customer base and continues to thrive in the competitive financial landscape.
DitchCarbon Score
How does Virgin Money Holdings (UK) Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Virgin Money Holdings (UK) Limited's score of 43 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Virgin Money Holdings (UK) Limited currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Virgin Money UK PLC, which may influence its climate commitments and performance metrics. As part of its climate strategy, Virgin Money Holdings (UK) Limited inherits emissions data and reduction targets from its parent company, Clydesdale Bank PLC, at a cascade level of 1. However, no specific reduction targets or achievements have been documented for Virgin Money Holdings itself. The company is engaged in broader climate initiatives, but specific commitments or pledges are not detailed in the available data. As a current subsidiary, Virgin Money Holdings aligns with the sustainability goals set by its parent organization, which may include industry-standard climate initiatives such as the Science Based Targets initiative (SBTi) and other environmental frameworks. In summary, while Virgin Money Holdings (UK) Limited is part of a corporate family with climate commitments, it currently lacks specific emissions data and reduction targets of its own.
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| 2019 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 6,277,000 |
How Carbon Intensive is Virgin Money Holdings (UK) Limited's Industry?
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Virgin Money Holdings (UK) Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Virgin Money Holdings (UK) Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
